A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 5-9, 2003 Percent except as noted _______________________________________________________________________________________________________________________________ $1,000 to $10,000 to $25,000 to $50,000 to $100,000 to $250,000 Loan characteristic All sizes $9,000 $24,000 $49,000 $99,000 $249,000 and over _______________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 505,044 45,440 57,982 56,385 91,602 137,371 116,263 Number of loans 20,984 12,881 3,926 1,728 1,272 916 261 Weighted average maturity (months) 1 34.18 11.25 16.82 15.43 22.41 44.16 57.77 Weighted average repricing interval (months) 2 17.62 5.46 9.08 9.20 11.10 20.23 32.71 Weighted average risk rating 3 2.52 2.55 2.62 2.77 2.29 2.68 2.38 Weighted average interest rate 4 6.71 7.22 7.06 6.59 6.97 6.63 6.27 Standard error 5 .08 .08 .22 .21 .16 .13 .31 Interquartile range 6 75th percentile 7.38 7.79 7.75 7.54 7.65 7.23 7.02 25th percentile 6.17 6.60 6.34 5.84 6.35 6.14 6.17 Purpose of loan Feeder livestock 6.97 7.34 7.41 6.24 7.12 6.09 n.a. Other livestock 6.93 7.89 6.23 7.03 7.50 6.24 n.a. Other current operating expenses 7 6.78 7.14 7.13 6.59 6.88 6.69 6.25 Farm machinery and equipment 6.62 7.44 7.11 5.75 6.17 7.06 n.a. Farm real estate 6.62 7.01 7.31 6.21 6.74 6.60 6.61 Other 8 6.27 7.82 6.63 8.03 6.85 6.57 5.78 Share of total loan volume Features of loan Floating rates 43.83 51.85 45.00 37.59 30.43 38.51 60.00 Under commitment 47.23 65.69 52.00 57.30 54.96 28.27 49.06 Callable 19.69 14.67 17.69 18.40 9.52 28.38 21.00 Purpose of loan Feeder livestock 7.41 3.49 10.96 6.04 23.56 3.26 n.a. Other livestock 7.68 4.81 8.95 22.26 11.49 6.08 n.a. Other current operating expenses 7 51.24 80.70 65.54 49.87 52.25 51.86 31.73 Farm machinery and equipment 5.29 8.08 7.56 12.92 4.50 5.30 n.a. Farm real estate 15.45 1.28 3.20 5.25 2.48 16.63 40.87 Other 8 12.92 1.63 3.79 3.67 5.71 16.87 27.40 Type of collateral Farm real estate 29.96 7.06 13.97 18.67 15.10 47.31 43.58 Other 66.06 84.01 81.41 72.93 82.05 48.33 56.42 _______________________________________________________________________________________________________________________________ Note. Most small and mid-sized farm lenders that reported loans to farmers had less than $25 million in farm loans. For explanation of footnotes, see table A.8. n.a. Not available. 15